1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lutik1710 [3]
2 years ago
9

Suppose that the equilibrium price and quantity for 1 bedroom apartments in Orange County is $2,000 and 250,000 respectively. Wh

at is the most likely outcome from the Orange County Board of Supervisors' implementation of a price ceiling at $2,500 for a 1 bedroom apartment
Business
1 answer:
ad-work [718]2 years ago
8 0

Answer: c. No effect

Explanation:

This is a non-binding price ceiling. A none-binding price ceiling is a price ceiling that is higher than the equilibrium price for a commodity in the market. As a result, there will be no effect on the market.

The reason being that a price ceiling is a price that companies and people are not meant to exceed. If this price is already higher than the equilibrium price, there would be no need to exceed or go below it it so there would be no effect.

You might be interested in
The premium of a health insurance plan refers to the
daser333 [38]
Total Cost of <span>Insurance Coverage

</span>
5 0
3 years ago
Read 2 more answers
Item 6Item 6 Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50
Kipish [7]

Answer:

$1.07

Explanation:

The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:

MC=\frac{80}{75}\\MC=\$1.07

The marginal cost is $1.07.

3 0
3 years ago
Ronald suffers from dementia that impacts his brain function, but he also has healthy periods of time when his mind is fully fun
vova2212 [387]

Answer:

2. False

Explanation:

Capacity to a contract refers to whether the person to a contract is legally competent to enter into such a contract.

For instance, lunatics, drunkards, minors, criminals and person of unsound mind are deemed incapable of entering into a contract.

A person diagnosed with dementia, which impairs his decision making would normally be regarded as incapable to signing a contract.

But, capacity is ascertained as per the situation i.e at the time the contract is signed or entered into.

In the given case, Ronald entered a contract while he was sane and in healthy state of mind. His judgement at the time of entering such a contract wasn't impaired by dementia.

Thus, the contract will be legally enforceable as per the law.

6 0
2 years ago
There are approximately 1 billion people living in India. Only about 200 million of these people earn more than the equivalent o
MAXImum [283]

Answer:

D. Physiological.

Explanation:

Physiological Needs are the establishment of Maslow's hierarchy of needs and incorporate survival needs such as the requirement for sleep, nourishment, air, and proliferation. Physiological needs are the requirements we as a whole need separately for human survival.

4 0
2 years ago
Which of the following is NOT one of the responsibilities of the Federal Reserve? A) Supervising the Reserve banks B) Maintainin
alina1380 [7]
A as an apple is correct
8 0
2 years ago
Other questions:
  • In the hospitality industry, the two largest expositions are the american hotel &amp; lodging association conference and the ___
    10·1 answer
  • Bertucci Corporation makes three products that use the current constraint which is a particular type of machine. Data concerning
    11·1 answer
  • Which of the following statements is false? Entry field with incorrect answer now contains modified data The amortization period
    5·1 answer
  • Can I have a short 150 words paragraph about following?
    14·1 answer
  • A current liability is a debt that is reasonably expected to be paid a. out of cash currently on hand b. within one year c. out
    10·1 answer
  • Consider the following data that describe the relationship between income and a tax. Income Taxes $20,000 $3,400 16,000 3,000 12
    6·2 answers
  • Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change
    9·1 answer
  • A check is__? (1 point)
    15·1 answer
  • Which function has the greatest constant of variation?
    11·2 answers
  • A particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg. if that land is converted to producing c
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!